National Republican., 1887-09-22
VARIATIONS OF THE MARKET.
Activity and puiiness. with Spells OF
Strength and weakness.


Strength and Weakness.
NEW YORK, Sept 21.-The stock market
to-day was slightly less active than on yes
ter1ay, but was equally subject to sudden
changes from activity to dullness, and from
strength TO weakness The activity was
most noticeable during the weak spells In
the forenoon, and later in the day during
the strong periods. The bears attacked the
list, and with marked success. The weak
ness was intensified after the small amount
Of bonds offered became known, but bet
ter feeling prevailed later and the bulls as
sumed command. The announcement OF
the small offerings OF bonds to the Treas
ury Department caused rush to sell by
the bears, which, Notwithstanding the re-
sistance offered by the purchases for for
eign account and the more influential room
traders, forced prices down sharply for n
short time. The oversold condition OF the
market ls shown by the fact that most OF
the active stocks loan at premium for
use
Under the influence Of more hopeful
feeling and purchases by the foreigners
prices were materially higher at the open
ing, advances ranging up to 4 per cent.
The improvement was quickly lost, how
ever, the market being weak from the open
Ing; heavy losses were sustained by some OF
cred most OF the loss, but again became
weak and active before noon, and from to
II per cent. was knocked of OF values
The decline received an impetus after 12
o'clock, and the lowest figures generally
were reached by 1880 when decidedly
strong tone marked the dealings and prices
rose rapidly until near 2 o'clock when u
| quiet period occurred. At the close the
market was active and strong at the best
| prices Of the day.
Money on call has been active, ranging
| from TO O., last loan at 5, and closing
| offered at 5. Sterling exchange Ia feverish
and lower. Actual business at 479 to $50
for 60-day bills, and 4S4 to 4S4t for demand
| Posted rates, 4S1 to 4S51. Government
bonds have been duh and steady. State
bonds have been dull aud rather heavy.
Treasury balances-Coin. S13i, 225, ,5SS.39;
currency, $l3, l3,S5S,S74.97.
The following were ths closing bid quota
| tons
Is, l2ih ~ coup, los; Pac. 6s of 95. i22;
La. Cons. ~; Mo. 6s Of 's7, 100; N. O. Con.
6s, *l25: do. ls, "97; Tenn. settlement 6s, 100;
do. 5s, lol; Va. 6s, n; do. consols, X N.
frsts, lld94 DENY, and K. q. tirsts, ~; NJ. X.
and T., IS; Northern Pac. hrsts. III; do.
seconds, lo2; Northwestern cons, 1851; do.
| d, benture, %l0S; st. l.. and san Fran #l.i; 81.
Paul con-, l272S; st. Chicago, and Pac, iirsts,
ais: Southern Pac. frsts, ILL I. ?. X. q. and
q. GO; Northern Pac. tirsts, ll31a; West shore
VIA; Adams Express 40; Alton aud T. II.
S2ls do; ,pfd;, 7o Am. Express, 1885, Bos Al
Line pfd, 95 b. c. aud r. N, rs; Canada
southern, So; Canton, .S5 Cen. Pac.. 3iA
Ches. ana Ohio, s; Chicago and Alton. 13J
do. pfd, 1856: g. b. and O., 1927; Cleve.
land and Col 80; Con. Coal, 10; Del aud
Hud. gGzs: Del. aud L.. l26A DENY and II. g..
Harlem, 2i5; Honston and Texas, 20; n. Cen.
ll5; Kans. and Texas, 2S2s; l.. f. and w, AZ
haEe Mns Shore ea' Lvl onG and Essh GSas 6iS
NJ. g. L., l4l; Mich. Cen. S31a; Mo. Pac.
92Is; Mob. and o., TO- Mar and E., 1881
N. Chat, II; N. J. Cen, 20: Norfolk anc
Western pfd., io,4; Northern Pac., 231S do pfd:
49ss;, Northwestern, lil2si do, Iptd,, ~; n
pfd., 2719: Ohio and Miss, 251s; do, pfd., IS
Oregon Nav, So; Pac. Mail, 3i2S; Pitts
burg, 1853; Reading 571z; Richmond anC
Aieg.,, 8; Richmond and Dan,,, $50; RocI
65zs; do. first pfd., lo7; st., Paul, SIS; do pid
ll131; st p and O., 4ll4 do. pfd 1861; Texa
Pac, 225A; Union Pac., so: U. $. X GS: Wab
pac, IL, do, pfd:. 29I5;, Wells Fargo, l2O
West Union, 792s; Tenn. Coal aud Iron, 23lS
Cotton Oil Trust 27a1; Quicksilver, A; do
pfd.. %.
l Acka